Business mood improves, consumer sentiment drops

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The mood among businesses improved in February, while consumer sentiment dropped, according to the latest Economic Pulse survey from Bank of Ireland.

However, the findings reveal that consumers are less optimistic about their finances.This index combines the results of the Consumer and Business Pulses.

"It’s encouraging to see the Economic Pulse up for a second consecutive month in 2022 and also back above its pre-pandemic reading," said Dr Loretta O'Sullivan, Group Chief Economist for Bank of Ireland. With Covid-19 restrictions more or less fully removed, firms in all four sectors were more upbeat about near-term prospects for business activity - although elevated costs remain a concern.

 

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